Cupani summer exploration program update.

About this update from Cupani Metals Corp.

TORONTO, July 7, 2026 /CNW/ - Cupani Metals Corporation ("Cupani" or the "Company") (CSE: CUPA) (OTCQB: CUPIF) is pleased to announce the start of the summer exploration program on its wholly owned Blue Lake property, located 65 kilometers north-east of Schefferville, Quebec. This multiphase program will target the 16km by 1.5km area south-east of the known historical resources referred to as the High Priority Corridor. For information about the High Potential Corridor CLICK HERE. The summer program started 29 June with reopening of the exploration camp. From July 3 to 25 a helicopter-assisted geological crew, composed of two teams each consisting of a geologist and a field assistant, will conduct mapping work over the High Potential Corridor. Surface mapping targets will include peridotites and olivine pyroxenites with net-textured and blebby sulphides. Their presence is an important vector indicating proximity of mineralised lenses and magmatic massive sulphides. Early August Cupani will begin a helicopter-supported drilling campaign. Drilling is expected to be completed by end of September. The location of the holes was chosen using a combination of geophysical and geological observations. The main objective is to drill-test a large area south-east of the historical resources along the High Potential Corridor. Management intends 3,000 metres drilled amongst 12 holes. Also, in August Cupani will conduct downhole electromagnetic surveys, in selected historical holes and four holes drilled winter 2026, seeking extension of mineralisation. Message from CEO Brian Bosse "March 2026 drilling proved our mineralization theories are correct. Now its time to drill to find additional mineralised lenses. The orebodies we seek are nearly flat lying, sulphide lenses, and could be a kilometer long, and 200 meters wide like the Blue Lake #2 lens. Downhole electromagnetic surveys will indicate if there are additional sulphide mineralisation nearby and determine extensions of any lenses. Things are progressing very well for Cupani. We have a huge opportunity in front of us." 2026 Winter Drill Program Results All assay results from the 2026 winter drill program have been received. These results confirm that the mineralising system continues to the southeast along the High Potential Corridor, which remains open and untested for at least 16 kilometers. Six holes were drilled March-April 2026, for a total of 1,345 meters. All holes were drilled vertical. This program focused primarily on wide-spaced holes targeting the southeast extension of the historical Blue Lake Ni-Cu-PGE deposits. The last two holes of the program intersected Cu-Ni-PGE mineralisation near the base of the ultramafic complex, approximately 1.3 kilometers southeast of the historical mineralised zones (figure 1). The best results were:

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